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Profits at Chinese industrial firms rose 21.1 percent year on year in May, slowing from April's pace. Growth varied sharply across sectors while factory-gate inflation hit a nearly four-year high.
Substrate placeholder — needs reviewOil prices fell below levels from a week ago despite a rally on Monday, following U.S.-Israeli attacks on Iran that disrupted Middle East oil shipments. Tehran closed the Strait of Hormuz to most commercial vessels. China's industrial profits rose 15.2% in January-February, with…